Last checked at 6 Sep 2019 12:40
AB Dynamics plc
("AB Dynamics" "ABD" or the "Group")
PDMR share dealing
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 5 September 2019, Stephen Neads, a director of Anthony Best Dynamics Ltd, disposed of 10,000 ABD ordinary shares at a price of 2765 pence per share, representing 0.05% of the Company's issued ordinary share capital.
Following the sale, Mr Neads remains interested in 67,986 ABD ordinary shares, representing 0.31% of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Felicity Jackson, Company Secretary of the Company.
For further information please contact:
AB Dynamics plc Tony Best, Non-Executive Chairman Dr James Routh, CEO
| 01225 860 200 |
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Liam Murray Ludovico Lazzaretti
| 0207 213 0880 |
Cantor Fitzgerald Europe (Broker) Phil Davies, David Foreman (Corporate Finance) Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales)
| 0207 894 7000 |
Tulchan Communications (PR) James Macey White Matt Low Deborah Roney | 0207 353 420 |
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of advanced products for testing and verification of Advanced Driver Assistance Systems ("ADAS") technology, autonomous vehicle development and vehicle dynamics to the global automotive research and development sector.
AB Dynamics is an international group of companies headquartered in Bradford-on-Avon, UK, employing approximately 260 staff. The Group currently supplies all the top automotive manufacturers, Tier 1 suppliers and service providers, who routinely use the Group's products to test and verify vehicle safety systems and dynamics.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the relevant person / person closely associated | |||||
a) | Name | Stephen Neads | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of Anthony Best Dynamics Ltd | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | AB Dynamics plc | ||||
b) | LEI | 213800OFXZP4A7I47K43 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii each type of transaction; (iii each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | ISIN: GB00B9GQVG73
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b) | Nature of the transaction | Disposal of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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| - Aggregated volume | N/A | ||||
| - Price |
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e) | Date of the transaction | 5 September 2019 | ||||
f) | Place of the transaction | London Stock Exchange
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